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2016-10-11 11:37:39

STX

Seagate

$37.97

0.08 (0.21%)

11:37

10/11/16

10/11

11:37

10/11/16

11:37

Follow-up: Seagate upgraded to Strong Buy from Buy at Needham

As previously reported, Needham upgraded Seagate to Strong Buy and raised its price target to $43 from $39. Analyst Richard Kugele said Seagate is benefiting from a generally stable to improving demand environment at the very time the company is restructuring its capacity and OPEX model for the changing environment dominated by CSPs and high-capacity drives. He believes investors will be beneficiaries of these dynamics as they flow through Seagate's model

19

Oct

STXSeagate

$37.97

0.08 (0.21%)

10/11/16

BTIG

10/11/16NO CHANGEBTIG

Seagate weakness a buying opportunity, says BTIG

10/11/16

NEED

10/11/16UPGRADENEEDStrong Buy

Seagate upgraded to Strong Buy from Buy at Needham

10/11/16

JPMS

10/11/16UPGRADEJPMSNeutral

Seagate upgraded to Neutral from Underweight at JPMorgan

JPMorgan analyst Rod Hall upgraded Seagate Technology (STX) to Neutral citing more stable trends in the PC market. The analyst now sees a slower decline of 10k RPM drives shipped with servers. He raised his price target for Seagate shares to $38 from $20. Hall also kept a Neutral rating on Western Digital (WDC) but raised his price target for the stock to $59 from $53.

10/04/16

SBSH

10/04/16NO CHANGETarget $70SBSHBuy

Western Digital price target raised to $70 from $65 at Citi

Citi analyst Stanley Kovler raised his price target for Western Digital (WDC) to $70 saying he remains constructive on near-term hard-disk-drive and NAND trends heading into the Q3 earnings season. The analyst sees improved pricing in both sectors and believes the company is executing on its SanDisk integration. He keeps a Buy rating on the shares. Kovler also upped his price target for Neutral-rated Seagate (STX) to $37 from $29.